WSP is very pleased with the results achieved in the fourth quarter and fiscal 2017, as it achieved or surpassed all of its 2017 financial outlook metrics.
Record net revenues, adjusted EBITDA, free cash flow and backlog, along with a strong balance sheet, have positioned it well to meet its 2015-2018 strategic plan objectives.
"Over the past year, our organisation was united under one name, one brand and one vision. We also expanded the scope and breadth of our expertise portfolio with the completion of 10 strategic acquisitions, accounting for 5,000 new colleagues and expanded our geographic footprint in the Australia/New Zealand region and Latin America," said Alexandre L'Heureux, WSP's President and Chief Executive Officer.
Management of WSP has also provided financial and operating guidance for 2018. "As we look forward to 2018, we anticipate organic growth in net revenues in the 1% to 4% range and adjusted EBITDA level in the $610 to $660 million range, to bring the Corporation to its annualized 11% adjusted EBITDA margin target by the end of the fiscal year," he concluded.
Additional details on our financial results can be found in the official press release.